Multiple Choice
The following figure shows the value of the marginal product of labor curve for a perfectly competitive firm.
-Refer to the figure above.What is the equilibrium quantity of labor hired by the firm when the wage rate is $4 per hour?
A) 10 hours
B) 20 hours
C) 50 hours
D) 70 hours
Correct Answer:
Verified
Correct Answer:
Verified
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